How Is The Market Feeling About MPLX?
Portfolio Pulse from Benzinga Insights
MPLX's short interest has decreased by 16.67%, with 7.07 million shares sold short, representing 1.9% of its float. This is lower than its peers' average of 2.93%. A decrease in short interest can indicate a more bullish sentiment towards the stock.
September 05, 2024 | 5:15 pm
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MPLX's short interest has decreased by 16.67%, indicating a potential shift towards a more bullish market sentiment. With 1.9% of its float shorted, it is below the peer average of 2.93%.
The decrease in short interest suggests that traders are less bearish on MPLX, which could lead to a positive price movement. Additionally, MPLX's short interest is lower than its peers, further supporting a potential bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100